Todd Frankel

December 4, 2017

The terrible tax bill

The massive tax overhaul that cleared the U.S. Senate just before 2 a.m. EST Saturday - after just a few hours of cursory review - would add at least $1 trillion to federal budget deficits and represents a major shift of wealth from low and moderate-income working families to the most powerful people and corporations.

Number of the Day

65 - Days since funding for the Children’s Health Insurance Program (CHIP) expired. More than 120,000 Louisiana children are enrolled in the program, which is scheduled to run out of money by February. (Source: Staff research)